Madison Wisconsin Real Estate Market Update - November 2025
Your November 2025 Madison housing market update: strong seller's market with 1.59 months of inventory and a $427,000 median price — what that means for you below.
Key Takeaways - November 2025
- Median home price: $427,000 (up 2.9% year-over-year)
- Homes sell fast: 12 days median time on market
- Market status: Strong seller's market (1.59 months supply)
- Limited inventory: Only 340 active listings available
- Best for buyers: Be prepared to act quickly with strong financing
- Best for sellers: Excellent conditions with fast sales and strong demand
- Year-to-date: 2,183 sales totaling over $1 billion in volume
Madison Wisconsin Housing Market Analysis – November 2025
Quick Market Facts
Data source: South Central Wisconsin MLS. Data deemed reliable but not guaranteed.
Hyper-Local Market Overview
Strong seller's market persists: With just 1.59 months of inventory and a 12-day median DOM, Madison remains firmly in seller's market territory. This tight supply continues to favor sellers, with the median price climbing 2.9% year-over-year to $427,000.
Fast-paced sales environment: The median price hit $427,000 (up 2.9% YoY) while the average climbed to $495,917 (up 8.5% YoY). This strong price growth reflects continued demand in Madison's competitive housing market.
Year-to-date snapshot: From January through November 1st, Madison recorded 2,183 sales (+0.4% YoY) with total volume exceeding $1.05 billion (+5.4% YoY). New listings delivered: 2,740 (+2.5% YoY). Active listings at snapshot: 340, with 213 pending.
Madison Market Geography
Primary Coverage Area: Madison, Wisconsin (53703, 53704, 53705, 53711, 53713, 53714, 53715, 53716, 53717, 53718, 53719, 53726)
Extended Service Area: Greater Dane County including surrounding communities
School Districts: Madison Metropolitan School District, Middleton-Cross Plains Area School District
City Info: Learn more about Madison amenities
Current Market Conditions & Trends
- Seller's market dominance: At 1.59 months of supply, sellers maintain strong negotiating power. Balanced markets typically have 4-6 months of inventory.
- Rapid turnover continues: Median days on market of 12 shows homes are moving quickly. Well-priced properties often receive multiple offers within the first week.
- Price per square foot rising: At $266 (up 3.9% YoY), per-square-foot values continue climbing despite inventory constraints.
- Sale-to-list ratio tight: Average sale-to-list at -0.57% means homes are selling just slightly below asking price.
- Limited new supply: Only 207 new listings in October (down 18.2% YoY) continues the supply shortage that defines Madison's market.
- Year-to-date performance strong: 2,183 sales with YTD median at $424,900 and YTD average at $481,119 show consistent market health.
Madison vs. Nearby Communities – Price Comparison
| Community | Median Price | Months Supply | Notes |
|---|---|---|---|
| Madison | $427,000 | 1.59 | Diverse housing stock, tight inventory |
| Waunakee | $599,500 | 3.31 | Premium schools, balanced market |
| Sun Prairie | $431,000 | 2.13 | Similar pricing, faster sales |
| Middleton | $548,000 | 2.8 | West side premium |
| Verona | $479,000 | 2.5 | Growing employment hub |
*Data reflects November 1 snapshot from SCWMLS. Latest releases may vary.
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Inventory & Market Activity
- Active inventory: Just 340 homes available as of November 1st — extremely tight supply.
- Pending sales: 213 contracts in process, showing continued strong buyer demand.
- New listings October: 207 new listings (down 18.2% YoY) — sellers remain hesitant to list.
- New pendings October: 199 new accepted offers showing buyer activity remains robust.
- Year-to-date new listings: 2,740 total listings delivered (up 2.5% YoY).
- Supply by price range: Tightest inventory in the $300K–$500K range (under 2 months supply).
Big Picture: What's Driving Madison's Market?
Madison's market remains tight due to a perfect storm of factors: limited new construction, low inventory, strong employment (Epic Systems, UW-Madison, state government), and steady population growth. Despite rising rates, qualified buyers continue to compete for limited inventory.
Integrity Homes' view: With 1.59 months of supply, even a small increase in listings or decrease in rates could shift momentum quickly. Sellers who list now face minimal competition, while buyers need to be pre-approved, decisive, and ready to compete on well-priced homes.
Market Forecast & Buyer/Seller Recommendations
Madison Market Outlook
Expect continued seller's market conditions through late fall and winter. With 1.59 months of supply and 12-day median DOM, properly priced homes will continue to sell quickly.
What Sellers Need to Know
- Your window is now: With minimal competition (only 340 active listings city-wide), sellers who list in late fall/early winter face fewer competing properties.
- Price it right from day one: Even in a seller's market, the first two weeks matter most. Overpricing leads to stale listings.
- Presentation drives premium: Professional photos, staging, and addressing visible maintenance issues can add thousands to your final sale price.
- Neighborhood matters: Madison is a city of distinct neighborhoods. Work with an agent who knows your micro-market's recent comparable sales.
- Expect quick decisions: With 12-day median DOM, qualified buyers are ready to move.
What Buyers Need to Know
- Pre-approval is mandatory: In a market with 1.59 months of supply, sellers won't entertain offers without strong financing proof. Explore available loan programs and assistance options.
- Be ready to move fast: Good homes receive multiple offers within 5–7 days.
- Know your must-haves vs. nice-to-haves: With limited inventory, compromise may be necessary.
- Expand your neighborhood search: Madison has diverse neighborhoods at various price points.
- Work with a local expert: Madison's market is hyper-local.
- Consider new construction: While limited, new construction options may offer less competition.
- Veterans and military families: Take advantage of VA loan benefits with $0 down payment. Review our complete VA loan guide.
Frequently Asked Questions
For Home Buyers in Madison, WI
For Home Sellers in Madison, WI
Methodology & Update Log
- Metrics reflect SCWMLS data captured on/around the 1st of each month; late entries may revise prior month counts.
- Medians/averages exclude clear outliers; $/SqFt uses finished above-grade square footage.
- Year-to-date figures represent January 1 – November 1, 2025.
- Months of supply calculated as active listings divided by 12-month average monthly sales.
- Updated: — initial publish.